The Business Times, 10 February 1999

Total Pages: 42
1 42 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) <J4tVl2/S 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, FEBRUARY 10, 1999
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  • 65 1 sn UWL37 (-30.51) BT-SRI 52(153 (-11.88) SIMSCI FUTURES 19X50 (-4.00) HMAUET MOOD: Mixed STOCK MABKET INDICES Tuesday Change KLSE COMP 548.14 +22.04 NIKKEI 13*02.66 -89.83 HANG SENG 9,244.49 +104.89 SCT INDEX ***** -10.41 JAKARTA COMP .***** +3.14 MANILA COMP _1.935.02 30.47 TAIPEI WP! 5,723.73 9955 SEOUL COMP *****
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  • 83 1 FOBEX BATES USS SI LSS 1.694 £(l'S$/S$ per 1.640 2.777 EL'RO(US$/S$ per K) 1.132 1.916 DM 1.728 0.980 YEN U4.7 1.476* RM 3.800 0.446 HK$ 7.749 0.219 BAHT 37.04 0.046 Rl'PlAH 8,680 0.020 •SSlo lOC units FUME KATES SINGAPORE* 591 KUALA LUMPUR n.50 JAKARTA .28.00 BANGKOK 14 75 MANILA
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  • 803 1  -  CEO also pledges to reveal details of its legendary landbank at results time Reports by\ Siow Li Sen [SINGAPORE] OCBC Bank is on the prowl. It is looking to acquire banks in Singapore, Malaysia and Hongkong as well as hire top talent,
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  • 688 1 This rules oat local banks cutting prime to match DBS' 5% [SINGAPORE] United Overseas Bank chairman Wee Cho Yaw has effectively ruled out the possibility of his bank, and for that matter arch rivals OCBC Bank and Overseas Union Bank,
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  • 252 1  -  Earnings worries a drag on Singapore stocks By] R Sivanithy [SINGAPORE] Regional markets posted mixed performances yesterday with Malaysia and Hongkong rebounding after their recent poundings but Singapore and Thailand continuing to wilt under poor investor sentiment and expectations of weak corporate earnings.
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  • 769 1  -  Retail offer follows full subscription of USsL3bof multi-currency notes w Wong Wei Kong [SINGAPORE] The government will launch tomorrow a public offering of a retail tranche of its multi-currency notes which can be converted to ordinary DBS shares, as part of an ongoing
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  • Page 1 Advertisements
    • 163 1 DfSTOE Keppd losses Three of the four Keppel group of listed companies announcing their 1998 results yesterday suffered bottom-line losses, with the newly-acquired TLB Land shocking the market with a staggering loss of $71m, Pg 15 Sing Tel petition A US Court of Appeals has dismissed a petition by Singapore
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    • 74 1 SINGAPORE BANKS IN TRANSITION: A special focus on Singapore banks In tomorrow's Business Times. Don't miss it! 9AA corporate UX earnings scoreboard 1 1 H> A cut-and-keep report card for you to ink in the actual results and compare with the forecasts See Page 16 c > Somebody's going to
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  • SINGAPORE AT HOME & ABROAD
    • 666 2  -  Sing Tel says it's now negotiating other options with US carriers Catherine Ong A US Court of Appeals has dismissed a petition by Singapore Telecommunications and about 20 other foreign carriers to negate a unilateral order by America's telecoms regulator to impose
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    • 426 2  -  Strong earnings may not be sustained; mergers likely: S&P By\ Soh Tiang Keng SINGAPORE'S general insurance industry may not be able to sustain its strong earnings record in the future due to the highly competitive market and the turmoil in the Asian financial
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    • 396 2 The Straits Times SINGAPORE Democratic Party secretary-general Chee Soon Juan was in court yesterday, a day after his release from prison, to face a second charge o&ffying a public talk without a licence. The party's assistant sec-retary-general, Wong Hong Toy, was charged
      The Straits Times; AFP  -  396 words
    • 379 2  -  He plans to buy troubled retailer as going concern: source By Rahita Elias THE man behind the proposed bailout of troubled Emporium Holdings is said to be a Malaysian or Chinese investor currently residing in Hongkong. A source told BT that the investor was
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    • 301 2  -  EYE ON THE ECONOMY Prices By\ Eugene Low IMPORTED goods were 6.2 per cent cheaper in December than they were a year ago, further fuelling the deflationary pressure on consumer prices in Singa pore. Most categories of imports saw lower prices in December, latest figures
      Source: Dept of Statistics  -  301 words
    • 270 2  -  By\ Eugene Low LOCAL small and mediumsized enterprises can now take advantage of electronic resource planning (ERP) technology without having to cough up the hefty investment costs. For between $3,000 and $8,000 a month, SMEs can subscribe to Manufacturing Resource Planning (MRP) OnLine, a
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    • 463 3  -  Biggest drop of $10,000 posted by Category 4 amid a wait-and-see mood By< Christopher Tan CERTIFICATE of Entitlement (COE) premiums for the March tender softened as impending changes to the vehicle quota system kept more buyers on the sidelines. The Land Transport
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    • 59 3 [SINGAPORE] Indonesian Chinese Kimiawati Tjokro picked the winning watermelon at a Standard Chartered Bank lucky draw yesterday, landing her the plum prize of SI million. The 44-year old businesswoman was one of 11 Stanchart account holders randomly picked by a computer to make it to the
      CHRIS LOH  -  59 words
    • 152 3 SOME 150 officials representing the 26 Asia-Europe (Asem) members will meet in Singapore tomorrow for the fourth Asem Senior Officials Meeting on Trade and Investment (Somti). The three-day conference will be held at the Raffles City Convention Centre and will focus on economic
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  • Page 2 Advertisements
    • 342 2 More downside to insurance in Asia, Pg 20 The Receiver and Manager of SH Sameyeh Pte Ltd will be holding an auction to realise the company's assets. The SH Sameyeh Pte Ltd Collection which includes Museum level pieces will be auctioned by Mr Bruce Granger AN IMPORTANT EXTRAORDINARY (RESTRICTED) AUCTION
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    • 46 2 I Group BT-02 Political Watch BusTnessWatch Subscribe NOW to both IPW and IBW and receive a 45% discount Fax a copy of this ad and your business card to (62-21) 572 7329 or e-mail: ipwl @castleasia.com for more information and a free copy of both Newsletters
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    • 58 2 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager Of Ms Florence Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE. 24 RAFFLES PLACE. SINGAPORE *****1 E-mail: ocrasingOsingnet
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  • Page 3 Advertisements
    • 13 3 TODAY >?ianhe Zaobao wpgM diiif? 5m ..at 2 #Ai ,J "qfcbfcb ISSBS ■iol
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  • FOCUS: MONEY MATTERS
    • 1261 4  -  Free-spending US consumer's all that stands between Asia and a hard place Larry Wee Ity Larry Wee [SINGAPORE) Events in Japan's fin a n c i a 1 markets continued to take centrestage last week in Asia and may dominate for a while longer,
      Source: HypoVereinsbank  -  1,261 words
    • 811 4  -  Korea, Philippines, M'sia outperform as investor sentiment improves By] Paul Marshall The writer is with Barclays Capital's credit research arm in Hongkong [HONGKONG] Asian credit markets have generally performed well over the last two months despite heightened worries over external events. Asia's top
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    • 403 4 Higher long-term yen Interest rates wont help instead, MOF-BOJ conflict could portend more volatility THERE'S a school of thought which says that the rise in Japanese government bond (JGB) yields will actually help Japan, just as a steeper yield curve helped pull the US out of its savings and
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  • Page 4 Advertisements
    • 54 4 Q/buw -JQwte wit/i m y t/tt//f .i/raw /uerry c Z. 9,.9.9 We have a savoury list of cocktail and Tapas menu _-«> line-up just for you. (sS{ff\j6WfUi Do come on down and check it out yourself! «4SSfflßE*s* 441A-4UIA, 4999 11 Unity Street, #01-30/31 Robertson Walk, Singapore *****5. TeL 235 3456
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    • 7 4 Money Matters will resume on Feb 24
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  • Page 5 Advertisements
    • 604 5 A 20 B ONUS! IT'S ENOUGH TO MAKE YOU WANT TO LEAVE THE COUNTRY. fc/nyL-j To be P erfect| y honest, that's the miles earned on other cards, Citibank Cathay Pacific Visa yj' er| tire idea. Adios. Ciao. Arrivederci. gives you 24,000 miles upon transferring to Asia Miles. JT Sayonara
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  • ASIA'S ECONOMIC SLUMP
    • 689 6  -  Gains from zero coupon bonds now deemed as interest and tax exempt From Ruth Wong, Diana Oon Abdullah in Kuala Lumpur FRESH changes to Malaysia's less-than-a-week-old exit tax regime are more investorfriendly and practical, analysts said yesterday as the central bank confirmed the
      689 words
    • 203 6 Reuters [SINGAPORE] Malaysian Prime Minister Mahathir Mohamad said that there was no comparison between the economic situations in Indonesia and his country. He said Malaysia did not have the same scale of overseas debts as Indonesia and his country had ensured that the
      Reuters  -  203 words
    • 328 6  -  From. Diana Oon Abdullah in Kuala Lumpur SG Research (M) has issued an upbeat report on the Malaysian banking sector, on the strength of the progress in banking reforms undertaken by the government. The foreign research house's sector report dated end-January
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    • 374 6 Concerns include ability to withstand external shocks Reuters {SEOUL] South Korea's economic recovery is fragile and the country faces lingering external uncertainties, a senior official at Moody's Investors Service said yesterday. "There are a number of external risks, economic recovery is
      Reuters  -  374 words
    • 376 6  - Economists see Thai exports falling by more than gov t's 4% forecast From Harish Mehta in Bangkok ECONOMISTS in the private sector are less optimistic than the government about growth in Thailand's exports, with one even forecasting a contraction of more than 5 per cent in US dollar terms. Wimonrat
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  • Page 6 Advertisements
    • 187 6 K $f| HMNHNHHi Je^HhG r.r Is u ces a company owns is its data. So why are so many organisations getting National fact that leaving a data centre in our hands actually saves money. You see, we've invested in huge data storage facilities g thBm Perhaps lts the reassu|r 3nce
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  • REGION
    • 161 7 JAKARTA Bloomberg INDONESIA'S Supreme Court has rejected an appeal filed by International Finance Corp (IFC), ING Indonesia Bank and PT Bank Niaga to declare PT Dharmala Agrifood bankrupt, dealing another blow to the country's fledgling bankruptcy law. Lawyers for Dharmala, a maker of animal feed,
      Bloomberg  -  161 words
    • 483 7 BEIJING Plan aims to boost consumption, deal with jobless problem AFP BEIJING yesterday offered a sneak preview of an ambitious fiscal policy for 1999 aimed at knocking out China's top economic and social problems with a single blow. The official China Securities
      AFP  -  483 words
    • 200 7 JAKARTA It had targeted bank deposits, land, properties AFP THE initial findings of an investigation by the Indonesian attorney-general's office and the foreign ministry have failed to find any wealth or assets belonging to former president Suharto abroad, a report said yesterday. "The
      AFP  -  200 words
    • 615 7  -  Sight of abode row seen undermining investor confidence if it's not resolved fast From, Loh Hui Yin in Hongkong HONGKONG is headed for its first major clash with sovereign China since the handover, with warnings that if it was not resolved
      615 words
    • 56 7 [BEIJING] A Chinese man having his hair cut by an outdoor barber as workers from the local electricity company install new power cables in Beijing yesterday. The Chinese traditionally have their hair done for the Chinese New Year. The Year of the
      REUTERS  -  56 words
    • 816 7  -  Asian VIEW An unravelling Indonesia with refugees fleeing in all directions could be a nightmare for everyone Yang Razali Kassim IN 1986,1 was part of a group of foreign journalists allowed into the then restricted zone of East Timor. With the help
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    • 721 7 ANWAR'S TRIAL Dr H apologised for his secretary's involvement: Anwar AFP [KUALA LUMPURI Malaysia's High Court ruled yesterday that any evidence of a political conspiracy against ousted deputy premier Anwar Ibrahim was "irrelevant" to his corruption trial. "Evidence may be adduced. if any,
      AFP  -  721 words
    • 322 7 JAKARTA Reuters, Bridge News INDONESIAN President B J Habibie yesterday pledged that the June 7 national election would be free and fair and urged Indonesians to respect the result, whoever wins. "Whoever wins the election, v._ must accept them with big
      Reuters,; Bridge News  -  322 words
    • 204 9 LONDON Reuters JAPAN'S government bond market is poised to become the world's biggest, overtaking the US Treasury market as a result of its planned borrowing this year, the Financial Times said yesterday. It said Japan would account for more than 90 per
      Reuters  -  204 words
    • 209 9 BEIJING Move aimed at boosting country's slowing exports Reuters CHINA, eager to boost flagging exports, has given its approval to another 41 private-ly-owned companies to conduct foreign trade, state media said yesterday. The Ministry of Foreign Trade and Economic Cooperation (Moftec) approved the
      Reuters  -  209 words
    • 123 9 BEIJING AFP CHINESE Premier Zhu Rongji is to pay an official visit to the US while Secretary of State Madeleine Albright will travel to China this spring, the foreign ministry confirmed yesterday. Mr Zhu's first visit to the US since becoming prime minister in early 1998
      AFP  -  123 words
    • 33 9 [TOKYO] Mongolian-born sumo wrestler Kyokushuzan showing off his "Titanic" costume during a costume parade at the Tokyo Gymnasium yesterday. The event was organised by the Sumo Wrestlers Association. REUTERS
      REUTERS  -  33 words
    • 411 9 SEOUL Last year's figure marks dramatic 370% jump over loss in 1997 AFP CRISIS-HIT South Korean banks registered a record net loss of 14.48 trillion won (5520.8 billion) last year amid mounting provisions for bad debts, financial
      AFP  -  411 words
    • 377 9 GUANGZHOU Auditors discover questionable trade financing deals Bloomberg GUANGNAN Holdings Ltd, an ailing Chinese food company listed in Hongkong, said its chairman and two senior executives resigned after auditors found "irregularities" in the company's accounts. The boardroom shakeup comes after KPMG, the
      Bloomberg  -  377 words
    • 231 9 WASHINGTON Bernama FOREIGN acquisition of Japanese companies grew more than sixfold in value during 1998 as investors gained encouragement from accelerated restructuring efforts in the Japanese business sector, according to a recent survey. Foreign companies spent US$6.9l billion (5511.6 billion) in 1998 to acquire
      Bernama  -  231 words

  • Page 8 Advertisements
    • 74 8 I PACJrJC lilTEr'rlET 1 is now listed on|Nasdaq Thanks tolour loyal Subscribers, I we're now recognised! J as one of the s t around the gfobe j yl u iPfll celebration of our new global status, we promise all our loyal subscribers special rebates on phone charges on Pacific Internet
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  • Page 9 Advertisements
    • 241 9 x J M The Program jgp M A 14-month full time MBA program modeled after the Sloan Fellows program at MIT. Three 14-week trimesters followed by six weeks at the Sloan School at MIT. A dissertation on an Asian business project or policy issue. ft/tAC A 10 day Business stud
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  • THE WORLD
    • 318 10 BRASILIA Reuters A DISPUTE between the Brazilian government and opposition states over debt looked set to drag on, hampering efforts to stem a deepening currency crisis, after ministers and rebel governors failed to reach an agreement yesterday. Brazilian Finance Minister Pedro
      Reuters  -  318 words
    • 349 10 LONDON Reuters INVESTORS are growing increasingly optimistic about world prospects for economic growth, according to February's Merrill Lynch Gallup survey released on Monday. Behind the bullish view was a series of interest rate cuts from the world's central banks and confidence that
      Reuters  -  349 words
    • 359 10 WASHINGTON Survey reflects brighter consensus outlook than just a few weeks ago Bridge News STRONG US economic performance illustrated by last Friday's employment report is forcing private economists to upgrade their forecasts for 1999 GDP growth. In general, economists see the US economy
      Bridge News  -  359 words
    • 740 10  -  Hard to renew Arab peace process with key figure gone From Leon Hadar in Washington THE death of Jordanian King Hussein, and the selection of his young and inexperienced son Abdallah as the new ruler of the small Middle Eastern kingdom, have
      REUTERS  -  740 words
  • Page 10 Advertisements
    • 1189 10 Tf N OCBC FHflMSffii OCBC Finance Limited I (Incorporated in Singapore) I A Member of the OCBC Group I ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the I company for the year ended 31 December 1998:- I 1998 1997 I PROFIT STATEMENT $'000
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    • 657 10 STRRIFRRR TURES QORP©R A T I 0 M LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 21 Lok Yang Way, Singapore *****6 on 26 February 1999 at 4.00 p.m. for
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  • Page 11 Advertisements
    • 591 11 J 4rw« f e A *S*T < tC i~sfxl M- r/ n oTt^^b^SS a ill i"v"i i\ v gk «VJ- x-Q J 1 IISSetS for 31% m #S '"*1 !nm K? 1,! ,k 4^^e«»i«ion s in co^tytocttoO-ffitAW»W >>tTS 0 riAln.l. i G "^«G' f £»s^r£sz .'P<-> "3pW®°ica^Pfl o *it"*w' JJlJlTlfrv"«i,
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  • EDITORIAL & OPINION
    • 864 12  -  THE BOTTOMLDTE OPINION By John Gee The writer has worked on Middle Eastern affairs for 30 years. His book on Israel and the Palestinians, Unequal Conflict, was published in 1998 in Britain and the US. He contributed this article to The Business Times
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    • 57 12 'Now jobless.' Anwar Ibrahim Malaysia s former deputy prime minister, asked about his current status at his trial. 'At these levels, you're better off going to a casino than investing your money in Nasdaq or S&P 500 stocks.' Erwin Schnlthess a fund manager in Basel, Switzerland, on
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    • 627 12 EDITORIAL BY relaxing its tough stance on capital flows, the Malaysian government has shown flexibility and concern for the needs of foreign investors. It is a step in the right direction in regaining the confidence of the international investment community. But one issue remains
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    • 929 12 Proof that flexible labour markets promote employment has been in poor supply until now The Economist GOVERNMENTS are forever extolling the virtues of la-bour-market flexibility. Reformed left-of-centre parties, with Britain's Labour in the vanguard, are especially keen. Well, they say they are. But then they go and
      The Economist; FILE PHOTO; Source: The Economist  -  929 words
    • 1038 12 Indonesia's new bogeymen THEY have no identity and are nameless. They are almost invisible, and, above all, certainly untouchable. Yet, they are so powerful as to have left a trail of untold deaths and massive destruction across the country in the space of only a few
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  • EXECUTIVE LIFESTYLE
    • 422 13 TOYS March giveaways will offer 80 versions of the big-eared dolls Reuters [CHICAGO] Hoping to capitalise on the craze for the Furby, the talking interactive doll that was one of the hottest gift items last Christmas, McDonald's Corp will give away scaled-down versions of
      Reuters; FILE PHOTO  -  422 words
    • Article, Illustration
      194 14 Reuters Here are the Oscar contenders: Best Picture: ♦Saving Private Ryan ♦Shakespeare in Love ♦Elizabeth The Thin Red Line +Life is Beautiful Best Acton Roberto Benigni (Life is Beautiful) Tom Hanks (Saving Private Ryan) lan McKellen (Gods and Monsters) Nick Nolte (Affliction) Edward Norton (American History X) Best
      Reuters; FILE PHOTO  -  194 words
    • 385 14 Founder calls '98 the 'worst movie-going year ever' Reuters [LOS ANGELES] It was the Spice Girls versus Godzilla and Armageddon in the battle for the worst film of 1998 when the "Razzie" nominations for Hollywood's most loathsome annual achievements were announced
      Reuters; FILE PHOTO  -  385 words
  • Page 13 Advertisements
    • 568 13 Where to wine, dine and entertain..." (<► All the fresh oysters you can eat! Help yourself at our carving station then feast over a lavish buffet dinner complete with appetizers, salads, soup and tempting desserts. Complement your meal with a specially priced wine-by-the-glass. yijH qJh Dinner: Monday Friday Time 6.00pm
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    • 144 13 tun 1 -mmm j Savour traditional favourites at Pine Court Chinese Restaurant to usher in an auspicious and (prosperous New Year Reservations: 831 6262/6 en ManJktrin [|j Singapore tt am **f% 333 Orchard Road. *****7 Singapore. Tel: 737 4411 ff"» r— #i \j*OchHhc'j D<*y c«l<br«HoHS on I*s A 14- Feb*u^<ry,
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  • Page 13 Miscellaneous
    • 1029 13 CRYPTIC CROSSWORD 1 Proud to make a fresh start at 5 Forcibly puts forward awk- -—11 ward truths to school head (7) 9 I I I I I I 9 Beer intended, we hear, to ere- 10 Having a baby, but not coming j j I I waifs (9) personal
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  • Page 14 Advertisements
    • 540 14 lUj'.KTJI Integrated Engineering Keppel Integrated i Engineering Limited i (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 The Directors of Keppel Integrated Engineering Limited advise the following unaudited results ot the Company and of the Group for the year ended 31 December
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    • 125 14 5~ i.ni j_ Catch up with OR lust tl^P The traits Times Weekly Edition provides you a crisp summary o( every weeks major news break reported in The Straits Times about Singapore and A«aa Covering news from local politico business and economy to general interest news and sportv it makes
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  • COMPANIES & MARKETS
    • 690 15  -  New addition TLB Land shocks market with $71.3 million loss By Lee Han Shih [SINGAPORE] Three of the four listed companies in the Keppel stable suffered bottomline losses last year, with the newly-acquired TLB Land shocking the market with a loss of
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    • 378 15 [SINGAPORE] Small investors who applied for fewer than 10,000 CSE Systems Engineering shares received about a third of the company's initial public offer under its balloting yesterday. The 3,246 successful investors will each get up to 3,000 shares, depending on how many they
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    • 793 15  -  HOCK LOCK SIEW Quak Hiang Whai CATHAY Pacific Airways (CPA) will release its 1998 results on March 10. After its dismal half-time loss, the first since 1986, nobody is expecting any surprises for the full year. Indeed, there hasn't been much good
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    • 410 15 Company ordered to launch general offer for Malaysian unit [SINGAPORE] A slip-up by CSA Holdings' US subsidiary has turned out to be a costly mistake the mainboardlisted company has been ordered to launch a general offer for its Malaysian unit. The company said yesterday
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    • 234 15 [SINGAPORE] OCBC Finance's net profit has dived 75.1 per cent to $4.1 million for the year ended Dec 31, 1998, following a $15.9 million provision for loan losses. Rising interest cost and keen competition put pressure on interest margins for the newly-merged
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    • 2483 16 How sharp are the financial experts? Here's your chance to find out. Update this report card and see how they measure up against the actual earnings or losses to be announced over the next few weeks by the companies listed below. The projected figures
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    • COMPANIES
      • 497 17  -  Soros Quantum Fond, New World Devt, Morgan Stanley, Thai parties among new investors From Harish Mehta in Bangkok IN the first signs that Thailand's crippled property developers may be coming back to life, investors such as the Soros Quantum Fund, Hongkong's New
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      • 303 17 Currency declines mean substantial savings amid crisis Reuters [SINGAPORE] Union Carbide Corp will complete a joint venture ethylene plant in Malaysia by mid-2001 despite the Asian crisis, a top company official said yesterday. "The crisis made it necessary that this joint venture have every
        Reuters  -  303 words
      • 365 17  -  Brokerage will also boost its pool of remisiers, dealers to 70 by end-lfarch Toh Han Shih [SINGAPORE] Fraser Securities launched its Internet trading service yesterday, but said the Net will not make remisiers and dealers irrelevant in the short term. In fact, Fraser is
        FILE PHOTO  -  365 words
      • 318 17 Reuters [MANILA] Net profits at blue chip Philippine Long Distance Telephone Co (PLDT) are expected to shrink in 1998 after bad debt provisions, but 1999 should be better, analysts said yesterday. The provisions blur what would have been another year of
        Reuters  -  318 words
    • REGIONAL COMPANIES
      • 310 18 Mitsubishi, Mitsui, Itochu, Marubeni, Nissho Iwai added to Monday's list of 9 AFP [TOKYO] Standard and Poor's yesterday downgraded the credit ratings of five major Japanese trading firms Mitsubishi Corp, Mitsui and Co Ltd, Itochu Corp, Marubeni Corp and Nissho Iwai Corp.
        AFP  -  310 words
      • 174 18 Reuters [SINGAPORE] Chemicals and drugs giant Bayer said yesterday it expects Asian sales to accelerate from 1999 and is sticking to a 12-year, eight billion Deutschemark (Ss7.B billion) investment plan for the region. "We lost roughly one billion German marks of sales last
        Reuters  -  174 words
      • 243 18 Company to issue statement on restructuring efforts in a few days Reuters [KUALA LUMPUR] Malaysian conglomerate Renong Bhd was unable to reach an agreement on restructuring its debts at a meeting with creditors yesterday, one of the company's bankers said. Asked if
        Reuters  -  243 words
      • COMPANY Briefs
        • 50 18 [SINGAPORE] Scotts Holdings has been deleted from the list of Central Provident Fund trustee stocks because the company reported a loss and did not pay dividends for the year ended June 30,1998, the CPF Board said yesterday. The change takes effect from today.
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        • 86 18 The Star. I KUALA LUMPUR] Mirzan Mahathir, the eldest son of Malaysian Prime Minister Mahathir Mohamad, has sued a unit of publisher Star Publications for libel. The listed company yesterday said the unit, which prints the Asian Wall Street Journal, had received a writ
          The Star.  -  86 words
        • 99 18 AFP [KUALA LUMPUR] South Korean giant Samsung Electronics plans to invest another US$lOO million (Ssl69 million) to upgrade its production facilities in Malaysia over the next five years, an official said yesterday. Kim Jong Ki, Samsung Electronics Group Malaysia president, was reported as saying by
          AFP  -  99 words
        • 105 18 Reuters (KUALA LUMPUR] Publishing group The New Straits Times Press expects the company to return to profitability in the current year to Aug 31,1999. Company chairman Mohamad Ghazali Che Mat said in its 1998 annual report that a projected economic recovery this year
          Reuters  -  105 words
      • 189 18 Bernama [KUALA LUMPUR] Star Publications (Malaysia) Bhd posted a group pre-tax profit of 83.3 million Malaysian ringgit (5537.1 million) for the year ended Dec 31, down 30.7 per cent from a year earlier. In announcing its preliminary results yesterday. Star Publications
        Bernama  -  189 words
      • 288 18 It will hire fewer gr&ds, transfer workers to affiliates Bloomberg [TOKYO] Mitsubishi Chemical Corp, Japan's largest chemical company, will cut 2,000 employees, or 18 per cent of its workforce, over the next three years, the Nihon Keizai newspaper said, without citing sources. The company
        Bloomberg  -  288 words
      • 158 18 Reuters [NEW DELHI] British Telecommunications pic has decided to freeze all investment plans for India, the Financial Express said yesterday. The newspaper quoted BT Worldwide's managing director for India, Arun Seth, as saying that investment decisions could not be made for India until
        Reuters  -  158 words
    • INTERNATIONAL COMPANIES
      • COMPANY Briefs
        • 60 19 Reuters [NEW YORK] Dow Jones Co Inc said on Monday it launched a new stock market index to track companies whose businesses operate in line with Islamic principles. Called the Dow Jones Islamic Market Index, the global equity index tracks 600 stocks from 30 countries
          Reuters  -  60 words
        • 89 19 AFP [WASHINGTON] Lycos, the Internet "portal" and search engine, will be acquired by the USA Networks media group and merged into an electronic commerce and entertainment entity, the companies announced yesterday. USA Networks, which includes the cable Home Shopping Network as well as the Ticketmaster
          AFP  -  89 words
        • 44 19 AFP [BERLIN] The sacked chairman of German car maker BMW, Bernd Pischetsrieder, will be offered a golden handshake of about 15 million marks (5514.7 million), the highest pay-off in German corporate history, the Die Welt newspaper estimated yesterday. AFP
          AFP  -  44 words
      • 253 19 Bloomberg [LONDON] British Airways pic (BA) posted its first quarterly loss in four years as the airline, Europe's biggest, carried fewer business passengers and was hurt by a stronger yen. BA posted a net loss of £68 million (SslB9 million),
        Bloomberg  -  253 words
      • 159 19 Bloomberg [NEW YORK] Citigroup Inc's consumer business, which includes credit cards and Travelers insurance, plans an additional US$3OO million (*****.9 million) in cost cuts this year, bringing the total to about US$l billion by the end of 1999, a spokeswoman said.
        Bloomberg  -  159 words
      • 445 19 They will also develop corporate data services outside North America Bloomberg [NEW ORLEANS] Microsoft Corp, the world's biggest software company, and British Telecommunications pic (BT), Britain's No 1 phone company, said they will develop wireless Internet and corporate data services outside North America. Netscape Communications
        Bloomberg  -  445 words
      • 302 19 move seen as confirming his heir apparent status AFP [SYDNEY] Lachlan Murdoch, son of News Corp Ltd chairman Rupert Murdoch, has been promoted to head the media giant's US print operations in a move seen as confirming his status as heir
        AFP; FILE PHOTO  -  302 words
    • FINANCE & COMMODITIES
      • 497 20 Depressed earnings outlook seen in near term, small firms will be worst hit AFP [SINGAPORE] The shakeout in Asia's insurance industry has not yet peaked, with markets in Singapore, Malaysia, Hongkong and Japan still to hit bottom, global ratings agency
        AFP  -  497 words
      • 209 20 Next step is equity participation by Malaysians Reuters [KUALA LUMPUR] Malaysia's central bank. Bank Negara. said yesterday it has issued five new licences to foreign insurance companies in the country to incorporate their branches locally. "Five foreign insurance companies have been granted new licences by
        Reuters  -  209 words
      • 135 20 Bloomberg [HONGKONG] New York Life Insurance Worldwide, a Hongkong unit of the fourthlargest US life insurer, said income from premiums grew 52 per cent in 1998. That's 10 times the industry average of about 5 per cent, said Stanley Silberstein, president
        Bloomberg  -  135 words
      • 200 21  -  gmg** Reports MS& Singapore Index Bob Butcher, Jardine Fleming THE announcement that the government would be selling off part of its stake in DBS yesterday depressed the shares of local banks and the MSCI Singapore Free Index with them. The banks represent
        200 words
      • 166 21  -  BSSCI Taiwan ftitures Charlie Kuo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract yesterday dipped 1.90 points, unable to sustain its raUy. The benchmark Taiwan Stock Exchange weighted price index plunged 99.25 points to 5,723.73 as foreign investors were convinced that the
        166 words
      • 321 21 ENERGY REPORT Reuters [LONDON] World oil prices rose nervously yesterday after leading producer Saudi Arabia said it expected the market to begin recovering within a few months. Further signs of a slowing global demand, however, continued
        Reuters  -  321 words
      • 317 21 Reuters London THE dollar steadied at midday in Europe on a firm footing against a yen pressured by falling Japanese government bond yields but it adopted a more cautious stance against the euro after a drop in Germany's unemployed. Trading ranges were relatively narrow throughout the first half
        Reuters  -  317 words
      • Article, Illustration
        1312 21 KTERBAKK CROSS RATES A$ C$ Rmb Euro Ffr Dm HK$ Ind to Rupiah Y»n Won »M NZ$ P* B> Peso S$ Rand Sfr HT$ Batt Powd US$ Australia 0.965 6.178 0.572 3.751 1.118 5.016 27.468 56.181 0.743 7.610 2.460 1.167 32.725 25.511 1.096 3.890 0 917 ***** ***** 0 395
        1,312 words
      • 1922 21 SICOM FUTURES Feb 9 RUBBER (futures do**} »t 5.30pm) RSS1 CONTRACT (S cents/*?) Close Volume Open Month jMgjh Low Sett (tonnes) Interest Mar 99 t13.75 500 Apr 99 04.75 850 May 99 1T7.25 925 Jun 99 120.50 120.50 119.25 25 200 Jul/Sep 99 122.75 975 Oct/Dec 99 126.25 300 RSS
        1,922 words
    • Article, Illustration
      1337 22 AFP Q Hang Stag ****** HONGKONG share prices rose 1.1 per cent yesterday on a late technical rebound that rolled back earlier losses, dealers said. "It was just a technical rebound. The market's sentiment is still poor," said a dealer. The key Hang Seng Index gained 104.89 points to
      AFP  -  1,337 words
    • 342 22 AFP Q VP Index -9925 TAIWAN share prices tumbled 1.7 per cent yesterday amid a bleak 1999 outlook for the island's economy, analysts said. The benchmark Taiwan Stock Exchange Weighted Price Index fell 99.25 points to close at 5,723.73. Yesterday's trade volume shrank to 1.79 billion shares worth NT547.68
      AFP  -  342 words
    • Article, Illustration
      559 22 Reuters FI Shenzhen B Index *0.57 SHENZHEN'S hard currency B shares closed higher yesterday on late buying as investors took positions on the last day of trading before the long Chinese New Year holiday, brokers said. The B Index rose 0.57 point, or 1.27 per cent, to 45.85 as
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  559 words
    • 2291 22 LONDON Industrials Ft»9 Pwu 31 Group —625.000 -2.000 AB Ports 287.000 9.000 Abbey National 1132.040 -17.960 Allied Oomecq 465.000 -5.400 Allied Zurich 874.000 -9.000 A(WC <85.000 13.000 Asda Group 152.000 -1.200 BAT Ind 635.000 21.000 BG PIC 356.000 -6.000 BICC 78.000 -6.000 BOC Group 816.000 -42.000 BR
      2,291 words
    • 1601 22 AFP n Nikkei 225 -88.83 TOKYO share prices fell 0.6 per cent yesterday as cautious investors sold stocks to lock in profits from earlier gains, brokers said. "The Tokyo market was pressured by prof-it-taking," said Kazue Mayuzumi, a senior market analyst at Nikko Securities, and there were few incentives
      AFP  -  1,601 words
    • KUALA LUMPUR STOCK MARKET
      • 433 23 AFP. AFX-Asia Q Composite Index +22.04 MALAYSIAN share prices ended 4.2 per cent higher yesterday in a dramatic rebound spurred by a wave of local buying, dealers said. The KLSE Composite Index surged 22.04 points to finish at 548.14, off an earlier low 0f522.99
        AFP.; AFX-Asia  -  433 words
      • 8522 23 INDUSTRIALS Consumer products 1999 Last Vol Day Nat Cap _Mi«H Lav Company Sato 'OOO High Law P It Smll 310 28o A/inomoto 280 I54 ,,35 83 62 Angkasa 74 4 60 74 68.5 109.1 283 244 Apollo Food Mlg 250 6 2 250 244 8.7 100.0 204 152 Barjaya Land
        8,522 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2092 24 BONOS. LOAN* ft WARRANTS wt 52-Wk Last Vol Day Last Ouota A»q Htfh Law Stno Company Sala +or- (OOO) High Low Buyar Sallar Pnct 20.5 3 3160 "Acar W*****1 USS 11 11 12 35 4.5 3164 Acma W*****4 14.5 -1 420 15.5 14.5 15 16.5 15 3161 AIITach W*****7 28.5
        2,092 words
      • 200 24  -  WARRANT WATCH -By R Sivanithy BANK stocks are taking a bit of a bashing but as most players would know, this can't go on forever. Some sort of rebound must surely be round the corner and when this happens, a good warrant to have in
        200 words
      • 210 24 HONGKONG STOCKS Or Gr S2-WH L»»t V04 Day Lnt Ouott Div Wv VW N»t M Cap High Low Stno Company Saw COOP) Low Buytr S«»tr C'w P/t $mM 5123 CW. (2000) MK 400 8 2.4 2 20.5 7744.7 5124 C«thayPac20cHK_720 265 2.1 7.4 6 ***** 4 5125 Cheung
        210 words
      • 257 24 AFP □Wellington -2106 NEW Zealand shares closed one per cent lower yesterday in dull trading dominated by Telecom Corp. The benchmark NZSE-40 Capital Index closed down 22.05 points to 2,166.29 on total turnover valued at NZ5109.6 million of which telecommunication stocks accounted for almost NZ$7O million. AFP r«»» «S
        AFP  -  257 words
      • Article, Illustration
        754 24 AFP, Reuters Q SET Index -10.41 THAI shares slipped 3.1 per cent yesterday as investors bailed out of bank stocks ahead of the Chinese New Year holiday, analysts said. Dealers said regional sentiment was generally weaker, with concerns about a possible rise in US interest rates and the vulnerability
        AFP,; Reuters  -  754 words
      • 413 24 AFP n Composite Index -22.00 SOUTH Korean shares plunged 4 per cent yesterday in nervous trading amid fears the main index has room to fall further this week with no developments in sight to boost the market, dealers said. The Composite Index closed 22.00 points lower at 523.38, off
        AFP  -  413 words
      • 589 24 AFP n All Ordinaries 4jo AUSTRALIAN share prices fell 0.3 per cent yesterday but were saved from falling further by a rally in leading resource stocks, brokers said. The All Ordinaries Index closed 9.3 points lower at 2,890.7. Turnover totalled 381.57 million shares worth A 5962.51 million. The All
        AFP  -  589 words
      • Article, Illustration
        688 24 AFP Composite Index +3J4 INDONESIAN shares closed 0.8 per cent higher yesterday amid late bargain-hunting in state-owned telephone monopoly Telkom, dealers said. A dealer with Exim Securities said the composite index moved in a narrow range between 399 and 400 points during the day, but the rebound in Telkom
        AFP  -  688 words
      • 285 24 AFP P Manila -30.47 PHILIPPINE share prices closed 1.6 per cent lower yesterday as the peso weakened and stoked fears of higher interest rates. The Composite Index lost 30.47 points to 1,935.02. Turnover rose to 591.4 million shares worth 1.27 billion pesos compared to 331 million shares worth one
        AFP  -  285 words
    • 6137 25 Transaction date: Feb 9 u 2 Last Vol Day Lut Ouot. Dlv Olv VM Nat Cap Avo J*!* Low S«No Company Salt COOO) High Low Buy or SoMor H C'vr p/c Smll Price MULTHNOUSTRY 'i? 17.5 mt 1000 Acma 50c 70 unch 170 70
      6,137 words
    • 1029 25 a; nSi, JS'°zz i_c;J s MANUFACTURING 231 30 2049 AS Auto 10c 89 -2.5 739 93 ne u a aq ku t i> j 79.5 45 2051 ASJHk>,s20c 57 -OS To 58 55 55 ?2 25 10? 0 9 V 5 2 52 *1 2001 Al m4tr SOc '00
      1,029 words
    • STOCK EXCHANGE OF SINGAPORE
      • 410 26 Stocks Volume SembCorpI 25c 21,857,000 ST Engg 10c 9,880,000 DBS Land 8,402,000 Eagle Brand Hldgs 6,230,000 *TanChonqlnt50c 5,244,000 CKTangWtW 4,456,000 DairyF US5c 3,879.000 ABR Hldgs 5c 3,421,000 OCBC Foreign 3,238,000 E Res WtOI 3,149,000 Stocks SembCorpI 25c 42,680,620 OCBC Foreign 32,002,270 SPH 17,581,939 DBS Land 16,692,340 UOB Foreign 16,578,022 ST
        410 words
      • 603 26  -  STOCK MARKET COMMENTARY Bank stocks lead price decline as STI ends lower for the 6th time in seven sessions By R Sivanithy EXPECTATIONS of poor earnings dealt another body blow to the local stock market yesterday, with banks leading prices down as the
        603 words
      • ON THE GRAPEVINE
        • 110 26 DONALD Tsang. Hongkong's financial secretary, is not taking any chances when he presents this year's Budget. The Budget has been set for March 3. In Cantonese the dialect spoken by most Hongkong residents the word "three" has the same sound as "life", which is considered very
          110 words
        • 146 26 A HUNGARIAN rock band called Omega is reportedly seeking a listing on the Budapest Stock Exchange by the end of the year. If you think it's a novel investment idea, then you have to get to know MP3 and Rio. These two terms have scared the US
          146 words
        • 222 26 HERE'S a tip for Malaysia-watchers who are wondering when Prime Minister Mahathir Mohammad might step down. According to Abdul Razak Baginda of the Malaysian Strategic Research Centre, it will happen some time between the next general election which has to be held by
          222 words
      • Article, Illustration
        53 26  -  -By Wong Wei Kong SEMBCORP Industries share closed down $0.10 yesterday at $1 90 with 21.9 million shares traded, compared with its 10day traded average of 14 million units. The daily and weekly RSI and Stochastics, as well as the MACD charts, indicate that the stock may have
        53 words
  • Page 15 Advertisements
    • 43 15 BVLGARI The Bvlgari-Bvlgari watch In stainless steel Also available in 18 kt gold. Available in Singapore at Bvlgari. Hilton Hotel 737 1652 Takashimaya Department Store 735 6689 and: Dickson Watch Jewellery, The Promenade 732 8900 Centrcpoint 734 5822 Suntcc City Mall 336 4871
      43 words


  • Page 17 Advertisements
    • 177 17 Morgan Stanley Dean Witter is a service mark of Morgan Stanley Dean Witter Co. F iUb ji. mmyaurxlM I« ,> jl aHH y lam I'l I IMB -ro^v-1 SHHHHN ■■■■■■■■■■■■■■■■■■■■■■■■■I V Thanks to a world of great clients. Being named Bank of the Year as well as Bond Your choice
      177 words

  • Page 18 Advertisements
    • 224 18 Show off! If your company's addressing the Y2K problem, it pays to let your clients know. If your company's doing something about the So, don't wait for things to get into a knot. Visit the NCB Y2K website at Y2K problem, don't just keep it to yourself, www.ncb.gov.sg/ncb/yr2ooo to download
      224 words

  • Page 19 Advertisements
    • 148 19 %r) otieetiofhs diamond S/ndust/Hes 18K Wbite Gold Ring I 8 White Gold Ring 18K White Gold Pendants 18K White Gold Ring 7n ni« Left $396, 4D: 0.16 ct $300 1D 0.16 carat 1D 0.20 carat Right: $420, 3D 0.21 ct 1D 0.15 carat 18KWhite Gold Earrings 18KWhite Gold Ring 18K
      148 words
    • 501 19 Nt) TLB LAND LIMITED 1. Unaudited Results for the year ended 31 December 1998 Group Company 1998 1997 1998 1997 $'000 000 $'000 $000 Turnover 18.296 51,373 19,009 18,818 Investment and Interest Income 3.388 6,469 18,189 Interest Expense 1,470 2.220 0 0 Depreciation 1.017 1.034 309 314 Profit before Taxation
      501 words

  • Page 20 Advertisements
    • 541 20 Marine Industries Keppel Marine Industries Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 The Directors of Keppel Marine Industries Limited advise the following unaudited results of the Company and the Group for the year ended 31 December 1998: COMPANY GROUP
      541 words
    • 489 20 Keppel Telecommunications Transportation Ltd (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Company and of the Group for the year ended 31 December 1998. COMPANY GROUP 1998 1997
      489 words




  • Page 24 Advertisements
    • 57 24 Time for Love. Especially since we are always short of time. A Ikl we should give ourselves gifts of timehandcrafted articles that are the result of lots of time and attention to detail. Montblanc Boutiques i.„,.,..„. w.uh.s. i.., t i,...., /W (fene,frt *yPfeisJ&*9fac£.. Ngee Ann City #01-32, Raffles City HOl-37A,
      57 words

  • Page 25 Advertisements
    • 9 25 Classified First. Log on the Cheek Classified First. CATS.
      9 words
    • 15 25 Impress your friends with an interesting Rt«4 Cats' Mews i« Sunday Clitiiflri this w«tk«n4. CAT.&
      15 words
    • 274 25 NOTICE OF SPECIAL RESOLUTIONS TIRTA MARINE PTE LTD tliorduur y G neril Meeting of the members of TIRTA MARINE PTE LTD. dulv convened and held at 112 Middle Road #07-03 Midland House Singapore *****0 on 9 February 1999 the following resolutions were duly passed SPECIAL RESOLUTIONS "RESOLVED THAT pursuant to
      274 words

  • Page 26 Advertisements
    • 564 26 Is getting Margin Financing a hassle? Call DBS investor Online at 438-1188 gj| )riSBANK /ll\ HUA NAN COMMERCIAL BANK, LTD. (incorporated with limited liability in Taipei, Taiwan, R. O. C) ASSETS 1998 1997 1998 1997 NTS NTS NTS NTS CURRENT ASSETS OPERATING REVENUES Cash 26,924,325 33,637,311 Interest 57,894,747 51.346,986 Due
      564 words
    • 557 26 A PAN PACIFIC PUBLIC COMPANY LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Members of Pan Pacific Public Company Ltd (the "Company") will be held at 16 Fan Yoong Road, Singapore *****3 on 2 March
      557 words
    • 415 26 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF FINE ARTS HERITAGE (S) PTE LTO (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 10 Upper Aljunied Link #02-05 York Industrial Building, Singapore *****4 on the
      415 words

  • SHIPPING TIMES
    • 335 27 Bridge News, Reuters CHARTERERS and Panamax owners remained in a stand-off in the Atlantic area although brokers said there remained a significant list of cargoes still to be fixed for early ships from the US but less so from South America. Futures came down as a lack of
      Bridge News,; Reuters  -  335 words
    • 266 27 m :S£ r ,<. NH SS *h HI CW7 fatrfeutton 0.50 ChuenHgp 0.605 *0.019 734 Cmco Inveftment .0.47 FrdgM links 0.W unch 719 G8HoWlngt 0.399 -0.02 2 Hoi Sun Hup 0.43 unch 223 HRacNZOMM 0.79 WCHoWni* HK 5.60 Jpyo Holdings 0.50 unch 7 Shipyard 7.0S unch 79 Corp
      266 words
    • 478 27  -  Mutual insurer expanding S'pore office to cope with demand, transfer of business from UK By! Marcus Hand [SINGAPORE] Leading mutual insurer UK P&I Club expects to bring in some additional fleets from South-east Asia in the latest round of renewals later this
      478 words
    • 395 27  -  From, Rajendra Bajpai in New Delhi THE Indian government is considering a proposal to reduce its equity in the Shipping Corporation of India (SCI), the country's largest shipping company, to 40 per cent from 80 per cent it holds now. This will
      395 words
    • 848 27  -  STRAIT TALK By! Seafarer EVERY year at about this time the International Maritime Bureau (1MB) publishes its Annual Report on Piracy and Armed Robbery against Ships. And every year it makes for depressing reading. The report on 1998 is no less gloomy
      848 words
    • 394 27  -  Batangas facility reinforces position as a leading shipyard in Philippines From. Al Labita in Manila SINGAPORE'S Keppel Corporation stands to keep its dominant position in the Philippines' shipbuilding and repair business following the recent completion of a new 40,000-dwt drydock. The sprawling facility, located
      FILE PHOTO  -  394 words
    • 774 28 CONTAINER SHIPPING BUSINESS Hapag-Lloyd's new managing director in Singapore, Martin von Beoczy, shares his views on the shipping industry PSA Portview THE shipping industry in general has to recognise that it is in the midst of a downturn and that counter-measures need to be
      PSA Portview; FILE PHOTO  -  774 words
    • 332 28 PAGC Express TL M ANL 3 FoongSun 8 Accord 8 Fr '3 Ahrenfciel M WUnks V4 Appenship 5 6Unk AsiaOCL 4 Gemartrans 8 Austral 8 Genslipg 14 Avant V4 GtoryHav 14 B'tangMas 8 HaiSunHup 8 BSA 7 7 BTl M Harbin 3 Baiaji Shpq 4 Heung-A 4
      332 words
    • 19814 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT CTA ETA Advertiser Vkmi Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n None Name Hunker Number SIN Dest'n Name Name Number Number ■■■■■■■NanMHaMMMMmMMMMISiaMWiaMMHMMNMHMHHMHIMi 21/02 27/02 BTL J BAUHINIA 361CNB 65-225J522 To ABIDJAN (ABJ) 2003 Cot* D'lvoire 23/02 01/03 Oram Ship oram bridge 90/n
      19,814 words
    • SHIPS IN PORT
      • 677 41 *•«•< VoyWo Bfth Arrival Ocpartur «<«• S«W P -W *»*M» 0103/2000 £££r sr s ss aggg 2l£rt2l Z ■S 00.02/0000 **•*2. 0»299 M ttampMt 0101/1700 0W JOI Ho»qsMt 00.03/1700 J*"" «99 J01 ton*** 00.03/000 S 22*2 0902/0*00 «s« *****9 JOI xonqsd* 09.02/0100 J" *«o*ot 102/010 ■®J ton*u*. 00.03/2100
        677 words
      • 1588 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boofclng/BtUnct Rstls Ship Voy No Ctk/Btr Ported From To From A*. DM. COW n/OJOO M 09/1500 0vwi ot/noo 09/1900 09/1659 59woo a ot/irao a/o*» cow a 09/1700 C045? <3 WOC i KVOTO a/rw ckoo AM* Mm *012 12/1200 U 09.050C
        1,588 words
      • 219 41 FtblS China: Chinese New Year Eve. Taiwan: Chinese New Year Eve. United States: Washington's Birthday Holiday. MM Brunei: Chinese New Year. China: Chinese New Year. Portugal: Carnival. Singapore: Chinese New Year. South Korea: Chinese New Year. Taiwan: Chinese New Year. Fakl7 China: Chinese New Year. Singapore: Chinese New
        219 words
      • 732 41 THIS report, compiled by Cockett Ma rlne Oil Ltd, shows price ranges In US dollars instead of single prices for a more comprehensive description of the market Prices shown are based an sverageslxed stem Market movements are indicated. The Cockett Bunker Price Index chance and the
        732 words
      • 484 41 c«rti« 180 Mu 994.8 0 13 0 0 0 06 F 4 P»"»*T Wtf twMw Art Siitamrt No rtow E25 2 0 13 0 2 0 %M/N 360 Aw *7.4 0J 14.8 0.06 29 0.02 u/Mi MM 390 Wl7 M 0.12 0.07 Win »v» WW H»«
        484 words
    • AIR & LAND TRANSPORT NEWS
      • 343 42 It is also seeking franchise arrangement with domestic carriers AFP [MANILA] Financially strapped Philippine Airlines (PAL) said yesterday it was exploring joint-service alliances with US and European carriers and a franchise arrangement with domestic players. Chief company adviser Peter Foster said the plans
        AFP  -  343 words
      • 362 42 Uncertainty over Warsaw Convention governing airlines' liability: US lawyer Reuters [MADRID] Swissair is being prevented from making payments to families of the victims of last year's MD-11 crash off Canada by current legal procedures, a leading US attorney said on Monday. Speaking at an
        Reuters  -  362 words
      • 180 42 AFP [FORT WORTH, Texas] American Airlines cancelled 500 flights on Monday after talks stalled with the Allied Pilots Association (APA) over seniority issues related to the acquisition of Reno Air. American Airlines chairman Don Carty said that American stood ready to negotiate with
        AFP; REUTERS  -  180 words
      • LOG Book
        • 59 42 AFX-Asia [JAKARTA] FT Garuda Indonesia plans to sell five of Its Airbus A3OO-B4s to help repay some of its US$39O million (*****.2 million) debt and streamline its fleet, the Jakarta Post reported. "The five aircraft will be sold by the end of the month to
          AFX-Asia  -  59 words
        • 35 42 AFX-Asia [SYDNEY] Ansett Australia Ltd has sold its local door-to-door retail freight business to TNT Australia, which outbid Mayne Nickless Ltd for the operations, the Sydney Morning Herald reported.—AFX-Asia
          AFX-Asia  -  35 words
        • 62 42 Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's biggest airline, refuted speculation it is about to buy several new and used aircraft and expand its route network. Qantas chief executive, James Strong, issued a statement in which he "refuted press reports speculating that the airline is
          Bloomberg  -  62 words
      • 519 42  -  Ryi Christopher Tan [SINGAPORE) The Asian car market has not hit bottom and the slide which began in 1997 will not level out until the end of this year for many, according to a senior BMW executive. Director of overseas
        519 words
      • 142 42 Bridge News [SYDNEY] Ansett Holdings Ltd, an Australian airline operator, said it would consider withdrawing from its Syd-ney-Osaka and Osaka-Bris-bane routes if it does not get approval to code-share with All Nippon Airlines, The Australian Financial Review reported yesterday. Ansett raised its concerns over the
        Bridge News  -  142 words
      • 268 42 Reuters [MADRID] The International Air Transport Association (lata) is seeking an inter-gov-ernmental meeting to try and harmonise extra-territorial aviation regulations, the association's corporate secretary Lome Clark said. Apart from the increasing number of regulations being introduced by the United States and
        Reuters  -  268 words
      • 259 42 Xinhua [BEIJING] The transfer of some aerospace technologies to civilian uses is expected to add a new and powerful growth dimension to China's national economy, said yesterday's China Daily. Xia Guohong, deputy director of China Aerospace Industrial Corp (CASC), was
        Xinhua  -  259 words
      • 1612 42 OTY FU6HT OA M6HT If LH784 1450 S026 2355 MM MK30 MM >650 IH787 2359 IH4381 mo SO2005 1650 *****87 2359 S0230 mo sozoot aw kmtifUm II 1.843 0540 $024 2320 Fl wt< »<*» TO »**> OOP N***** 0800 KU38 2335 0>M|»tnHK 0351 2035 $0327 0800
        1,612 words
  • Page 27 Advertisements
    • 21 27 H&pag-Uoyd set to take on industry downturn New S'pore MD Martin von Beoczy shares his views on shipping industry. Page 2
      21 words
    • 125 27 PAL exploring tie-ups with US, European airlines It is also seeking franchise arrangement with domestic carriers. Back Page CSL ASIA SINGAPORE REPRESENTATIVE OFFICE OF CANADA STEAMSHIP LINES INC. have immediate vacancy for: CHARTERING/ OPERATIONS MANAGER The successful candidate will be expected to manage a growing fleet of geared handymax vessels
      125 words

  • Page 28 Advertisements
    • 1150 28 I NORTH AMERICA I EXPORT I I OTHER DESTINATIONS I 9SX SUPER SHUTTLE EXPRESS OffECT TO LA I 11 WEST COAST Of CENTRAL AMBMCA (MARGARITA SERVICE) IHi I im an km ok wr mman" pp wm |wt PH H-oirntt| acajmtia I sahlomco amp? (I —«»ml jS g£j ooa CHfOMt jmstj
      1,150 words
    • 684 28 Unes sefvrces represented u (ll©|=) fcSS Riders Accredited Shipping Agents, sLJUV Association Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD amamoHu somas siwgapoke to baiam, mm, karimun n£*W SINGAPORE to BAN6KAISLAMO f~J~\ l w SINGAPORE to QLEGON Tnc SAMARINOA/BAIJWWWI/RAItURMASIN TO SINGAPORE MAMftVSUBK BAY/LUZON TO SINGAPORE P.H Ctom Tel: ***** M
      684 words

  • Page 29 Advertisements
    • 1129 29 TO EUROPE FROM EUROPE Ivcsa vot sin ro> anr haw wrv sou fit uh Ivissa vot [rw m m» wy sou fxt leh sin MNUK S43W 11/02 04/03 03/03- 04/03 01/03 HTADMMAi 3171 73/01 20/01 21/01 U/01 11/02 TYM S26W 12/02 21/02 02/03 OS/03 04/03 HTHKHNKS 31 St 21/01 23/01
      1,129 words
    • 1958 29 ®HANJIN SHIPPING iik PI U t MsMf*loa -MB 37*0730 NANJIN SHIPPING (SI PTI LTP >»//«-*■# ci> MXXMG ********** SAIB 37*0774 ?3i DOCUMHT *****71 274 OPBBMK 37*0750 751 NAMIM *****5S fM TTTWiO t»Q *****T*****M TO NW USA A CANADA I i USA CANADA* hbvsi/voy I oam |sm imnaii/voy «T~| tw on
      1,958 words
    • 471 29 FULLY CONTAINIIIMP PBPICATBP Q22gQQQTg™»*iHIIII!iaBin**BEIII2ZEB2n3*|' rasa _w_ _sjn_ re m si m m ikn his w I sin I*6 l*sa motJ sin I jkti mmm us h/m 24/01 m 27/01 31/01 02/02 04/w os/oi 1 liwNftimiNTd MB7s UHCIHSAN WIS 20/01 05/02 07/02 00/01 10/0? pwfftT 2K I 14/02 I il/M |uTCWSa)|
      471 words

  • Page 30 Advertisements
    • 1453 30 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITE3IRANEANCANADA m l» WTH AIW HAM my FU K«l VOY 11l IK TO HI Wl HMUWOAUM *0007 20 01 11(2 20 02 17 02 11K 20 02 SHANGHAI SENATOR WMM7 20 01 14 02 11(2 11K 20 02 27 (2 WM> nK a I,K MN
      1,453 words
    • 828 30 Carrlir MN CONTR UNES, INC p. guoano: <07) *****26 I-IV/ J ®?J*L 1 *T 7BOOOUB BU: (W*) *****9 MANILA: (632) *****24 p EWAWQ:(Q4) *****36 BANGKOK: (062) *****67 SURABAYA: (31) *****0 P KELAWO: (03) *****77 JKT (21)*****07 MDN: (61)*****3 KUQ6MQ (062) *****1-3 BARCEIONA SIIRABAYA MV "VILLE DE SAGITTA" V.9906-4 MV "KOTA
      828 words
    • 498 30 LINE I MUARA ~1 LABUAN vosa vot no m vcsa vov no m SPOKMUAM SPOtt 1M nuns Hon vw/w 13/02 15/02 stum hope vax/w 13/02 17/02 CAiABA JKSS2 VWE/ff 20/02 23/02 STIAITS HOP! VO4E/W 25/02 21/02 STtAITSHOK VO4I/W 2S/02 27/02 CAIAIAM332 VOH/W 02/03 00/03 CAftAIA«332 VOSI/W 02/03 05/03 IK. IQNABALUI
      498 words

  • Page 31 Advertisements
    • 1273 31 [VESSEL VOY SIN PKO P6M FOB DUB PAM BMJ BA BIK I IRAN TABATABAEI PJLI33I 00/02 18/02 10/02 20/02 22/02 24/02 •RAN TEYFOURI PJLI32B 13/02 22/02 23/02 24/02 26/02 28/02 IRAN BAKERI PJLI336 22/02 03/03 04/03 08/03 07/03 00/03 IRAN BATTARI PJLI334 01/03 10/03 11/03 12/03 14/03 18/03 [IRAN BABAEI
      1,273 words
    • 1932 31 J| Bf fk* VOOI3W (ITA Sli 1 3 Fib ff), €••<• VIA Icst-CMst I All-W«t«r s#rvic« will mII I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (IA)~^«OS!O2TO!IO!EO^ COSTAR SHIPPING PTE LTD #i7-MDKUDG SALES/MGS 420M57/M INWARD DEFT io/o) *****85 COSTAR AGENCIES (M) SDN BHD JIjKfcW»7«OOOOOW TOWEITWO
      1,932 words
    • 683 31 r EASTERN OUt UNER, LID. |E EQ (SINGAPORE) PTE LTD AfNT M SlNfitfOtf I SPECIALIZE IN RORQ 4 HEAVY UFT UPTO 4SO TONS B ECI (SMKIAPOtf) PTE LTD LOAD NG FOR CALCUTTA INCHON/OSAKA MV "GIGA TRANS" V.3 MV "OCEAN BRAVE" V.13 ETA SM 15/02/99 ETA CAL 20/02/99 20/0^q SK 28/02/99
      683 words

  • Page 32 Advertisements
    • 1239 32 EUROPMIMMMOniAVIMniUMMniSW SGP ROM ANW HBG THP ZH LHV I LKV THP ROM ANW HBG PKL S6P E DAINTY RW-800 1W 95/03 96/03 04/03 10/03 IE RESULT RE 023 14/01 IMI 15*1 17/tl 11/01 11 *2 12*2 E. DYNAMIC RW 9C3 21*2 12/03 13/03 15/03 10*3 17*3 E RENOWN RE-032 21*2
      1,239 words
    • 731 32 f PACIFIC INTERNATIONAL UNES (PTE) LTD A I sssssssm ■■V 140 Cecil Street, #03-00 PIL Building, *****0. I Cfl NO **********06 I llYfttfl yqr ru _S«_ ro sro wn w "0- m VU7 Tin m 1043 I iKasm-ff!- iffl I Ufl 17, '111 I.T JF I Ilvtssn. WT wISiIw Ml
      731 words
    • 542 32 risk NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssti vor sm 1 pui 1 out 1 j«» cpt Iki MOTUntHKt VQ27S 14/lg 71/02 03/03 04/03 WXttIVBWS HO32S 11/02 24/02 02/03 05/03 04/03 09/03 SOUiaWAKM MIPS 03/03 12/03 It/03 19/P3 20/03 HAMttIQUEBI tO33S 13/03 22/03 26/03 29/03 30/03 02/04
      542 words

  • Page 33 Advertisements
    • 439 33 BSfl n. %UUE MYANMA FIVE STAR LINE (Mywmar National Um) w loading for Yangon (Rangoon) vtssa voy sin pil pa pgu HPA-AM 2S*W MONG-LA 20W SIB MALAYSIA AGENTS: IOUSTIAO SMPPMG AGENCIES KUL m (03)*****00 PKL Til (03) *****01 Ft* TH (04)2****** PGU: Til (07) *****21/4 BANK LINE < A Andrtw
      439 words
    • 1329 33 HYUNDAI MERCHANT MARINE CO., LTD. IVBSR VQyIsM|SOU|IBI|RIM|ANT|N>M|MV|FE| VtSSa VOY I SOU I LB4 I «TM AWT WUR I IV I Fa SM I DANUM S43W 11/02 01/03 04/03 03/03 04/0] HYADMRUL SITE 10/01 23/01 20/01 21/01 11/02 TYNE S2*W 12/02 05/03 o*/03 20/02 02/03 KY WOMBS 3151 22/01 27/01 23/01
      1,329 words
    • 1074 33 V > norwegon specioteecf oukxomen G®®®® TO NORTH AND LATIN AMERKA "RORO HEAVYLIFT SERVICE* vissa voy »w height sin uu an mia sav ial otf ntc new mot TEXAS f9OS 4001 MS 6JM 13/01 25/03 03/04 04/04 01/04 10/04 11/04 12/04 17/04 11/04 TOM F9OB 4001 MS 6.3 M 11/03
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  • Page 34 Advertisements
    • 2165 34 BANGKOK/MAP TA PHUT/LAEM CHABANGI JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA RATNA RNAOB9 In Pt 13/02 GURU BHUM 116S In Pt 14/02 PANU BHUM 2SN In Pt 14/02 13/02 GURU BHUM 116 SB 11/02 14/02 XETHABWUM 270N 11/02 14/02 13/02 ANRO JAYAKARTA' 074
      2,165 words
    • 18 34 CONTAINER SERVICE TO APIA VAVAU NUKUALOFA PAPEETE PAGO PAGO PORT VILA RAROTONGA NZa CRUSADER V. 03S/99 ETA 13/02/99
      18 words

  • Page 35 Advertisements
    • 52 35 STElffc Dial 740-6000 OFI G€m3n(j —Ar (Retrieve more schedules!) sja Press-r c jjTV Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number J your phone number Another Innovative service offered by The document Will be Shipping Times s
      52 words


  • Page 37 Advertisements
    • 53 37 vmhW Dial 740-6000 on demand 1 —(Retrieve more schedules!) SJO Press "1" t Select the port and key in the four digit code eg: To New York (NYQ 2275 SJ& Key in your fax number J s '®£»Enter your phone number ytm Another Innovetlve jervfce offered by The document Will
      53 words

  • Page 38 Advertisements
    • 157 38 I free Reader Enquiry Service 3>c cut out and Fax to 65-*****29 s Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a
      157 words

  • Page 39 Advertisements
    • 826 39 SHIPPING LINE LTD "ft" 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CA NO. **********00 TEL: *****88 FAX: *****29 (OUTWARD) *****63-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LIME: 535 6266 Calla/Jesslca/Mei Chan/Jeslynw/Dora/Hanlm EQZ333BSE&E2SIH 7 slgs/week gggiEßißH 2 slg/week ivessel Tvoy \~am Tjak vessel ivoy ism
      826 words
    • 1228 39 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I WG I SW MT I SUI 1 nw I rw I qy 1 IQW 1 HAI I NTL 0»f 1 S*V 1 MRX I im 1 MOU I HOtGHMK/0340 30/01 05/02 10/01 13/01 00/02 12/02 11/02 21/0? >1/03 24/03 25/03 21/03
      1,228 words
    • 644 39 rrr# Singapore Soviet Shipping CPI a H* lOOSOMOOOON i\\l Mdltiine Shipping Pt w33J at H* 1i*****00MK VESSEL VOY SIN BOM PNG PKL KOTA RATU RTUO3S 14/02 22/02 05/03 PERAK 12SN 22/02 02/03 13/03 KOTA RUKUN RKNO29 20/02 08/03 19/03 [VESSEL VOY SIX CALCUTTA SW EPONYMA 005 16-17/02 21/02 04/03 M
      644 words

  • Page 40 Advertisements
    • 588 40 I "vessel voy TIGER BAY 682N 10-11/02 15-18TO2 22-23/02 I TIGER ISLAND 683N 12-13/02 18-21/02 26-27/02 I TIGER PEARL 684N 15-16/02 21-24/02 01-02/03 I TIGER SEA 68SN 19-20/02 25-28/02 05-06/03 I TIGER BAY 686N 22-23/02 01-044)3 06-09/03 I TIGER ISLAND 687N 26-27/02 04-07/03 12-13/03 I IVESE^^^^vo^^Sl^^CA^^Sl^l XPRESS SPORE 274 12-13/02
      588 words
    • 1020 40 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA BUENOS AIRES CEBU ISTANBUL IZMIR LAEM CHABANG MALTA SANTOS SHANGHAI PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong *****113 flms@asioonlino.nel Port Kolong *****40 floinflliii.not.my Bangkok *****42 kuntfikJaOfleth .co.Hi Surabaya *****00
      1,020 words
    • 27 40 CONVENTIONAL-SERVICE VESSEL ETA ETO DESTINATION CHAHAYA VICTORY 08/02 09/02 JAKARTA. SURABAYA SOUTHERN QUEEN 08/02 10/02 BANGKOK SEA SHINE 08/02 10/02 PANGKAL BALAM CHAHAYA STAR 10/02 12/02 PALEMBANG/PONTIANAK
      27 words
    • 959 40 OOCL (Singapore) Pte Lt3""^F^K^penDistrpi^ 79 Anon Rod #21-04 (5) *****6 8* 513 #01-128 CI NO **********0H TW: 272 7827 tar DooUmf CPj Ttfc *****13 fax 221 3942 foe 272 7825 —./d\ ["OH Orient Overseas Container Une r(D)j J£ tMaiaysia) Sdri BKd (Reg No: *****2-U) col r?H PFTAIJNG JAYA W: 03-756
      959 words
    • 182 40 FULL CONTAINER SERVICE SIN PMffi QUDANO SIN DAILY SAILINGS [VESSEL I VOY 1 ETA K IMY I VOY IETASW I D*Y~l I PROGRESS 9935S 09/Q2/90 fTUEI I »93SW I 10/Qg/M I I Accapdng UC cargo A Cmfhii (BQC) (COG AGENTS: MNQAPOM PANCON SHIPPING MARINE SERVICES PTE LTD. TEL: *****90 (0
      182 words

  • Page 41 Miscellaneous
    • 105 41 LEGEND: R Thunderstorm Temperoture c X\ V Shower Weather Wind direction with speed in knot* ee Roan Cloudy Sky Wove height Surfoee wmdi ore indicated by orrowi which fly with the wind U»»M -onoK. i_ On. ho» 5 11 kn m a M 0.5 metre: 01 0 5 metre. 02
      105 words